More must be done to close the cost gap

Is the government really getting to grips with the cost of running the country? Certainly, current spending is set to fall between now and 2015 in cash terms, and this will not be easily achieved.

However, proportionately much bigger cuts are being introduced for capital spending, while taxes are to be increased significantly further. We will have a better idea when further details are published in the next few weeks, but it is ...